Assured Guaranty Municipal Corp. (AGM) merged into Assured Guaranty Inc. (AG) on August 1, 2024. Issuers with outstanding bonds insured by a policy from AGM need to ensure a material event notice is timely filed on EMMA (emma.msrb.org) given the change.
SEC Rule 15c2-12(b)(5)(i)(C)(5) and the applicable continuing disclosure certificates or agreements related to your bond issues require a filing to be made when there is a substitution of credit or liquidity providers. This filing needs to be made within 10 business days of the underlying event. Because the merger occurred on August 1, 2024, material event notice filings should be made prior to August 15 in order to satisfy the 10 business day filing requirement.
Please see the attached form of material event notice that can be used for this purpose. We suggest working with your dissemination agent (if any) to have this material event filing made.
As always, please reach out to your normal Dorsey & Whitney LLP attorney contacts with any questions.